Breyer Sold Wal-Mart Shares in Advance of Supreme Court Case
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U.S. Supreme Court Justice Stephen Breyer sold between $15,000 and $50,000 in Wal-Mart Stores Inc. shares last year in a move that has let him take part in a case that may limit class-action lawsuits.
The sale, revealed today in Breyer’s annual financial disclosure report, took place in January 2010, three months before a federal appeals court ruled that Wal-Mart had to face a gender-bias suit on behalf of potentially a million female workers. The justices heard arguments in March on Wal-Mart’s appeal of that decision and are scheduled to rule by the end of June.